PHILADELPHIA, Jan. 27, 2021 (GLOBE NEWSWIRE) – Law firm Kehoe, PC, is investigating potential securities claims on behalf of investors of Bit Digital, Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT) to determine if the company is involved in securities fraud or other illegal business practices.
INVESTORS WHO PURCHASED OR OTHERWISE PURCHASED BOTH DATES INCLUDED (THE “CLASS PERIOD”) BETWEEN DECEMBER 21, 2020 AND JANUARY 8, 2021, ARE SUCCESSFUL SECURITY CLASS QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, SECURITIES@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COMTo discuss that SECURITIES INVESTIGATION OR POSSIBLE LEGAL CLAIMS.
On January 20, 2021, a class action lawsuit was filed against Bit Digital in the U.S. District Court in the southern borough of New York.
According to the class action lawsuit, Bit Digital’s defendants made materially false and / or misleading statements and did not disclose material adverse facts about the company’s business, business and prospects throughout the class period. Allegedly, the Bit Digital defendants have failed to advise investors: (1) that Bit Digital overestimated the extent of its Bitcoin mining operation; and (2) as a result of the foregoing, the positive statements made by Bit Digital’s defendants about the company’s business, operations, and prospects were materially misleading and / or unfounded.
Kehoe Law Firm, PC, with offices in New York and Philadelphia, is a multidisciplinary plaintiff-side law firm dedicated to protecting investors from securities fraud, fiduciary violations, and corporate misconduct. Together, Kehoe Law Firm’s partners have served as lead counsel or co-lead counsel in cases where institutional and individual investors have withdrawn more than $ 10 billion.
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